Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Louisiana CUs report solid growth in 2007
HARAHAN, La. (2/29/08)--Louisiana credit unions reported strong growth for 2007, according to the Louisiana Credit Union League. Credit unions experienced 5.7% loan growth, 4.4% share growth, and a 0.9% increase in membership, to 1.1 million members as of December 2007 (eNews Feb. 27). Assets increased 4.5%, to $6.72 billion from $6.43 billion. Though the number of credit unions declined to 236 from 242, branches increased to 419 from 405, and employees increased to 3,470 from 3,366. The league also reported that:
* Credit unions’ loan-to-share ratio increased to 73.3% for 2007, compared to a national average of 83.3%; * Net income declined 9.5%. This was driven by credit unions giving more back to their members and higher costs of funds (a 24% increase for 2007); * Regular share growth declined 4.1%; * Money market shares increased 9.6%; and * Individual retirement accounts grew 9%.


RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
2 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
21 hours ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
1 day ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 day ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
1 day ago